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Q2. Consider the following simultaneous equation models. Y1t=1+3Y3t+1X1t+u1tY2t=+1Y1t+3Y3t+u2tY3t=3+2Y2t+2X2t+u3t (b) Use the order condition to identify which of the above equations are just identified. [2]
Q2. Consider the following simultaneous equation models. Y1t=1+3Y3t+1X1t+u1tY2t=+1Y1t+3Y3t+u2tY3t=3+2Y2t+2X2t+u3t (b) Use the order condition to identify which of the above equations are just identified. [2]
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